Tamil Nadu announced on Friday that the price of gasoline would be reduced by 3 rupees per litre, a move that underscores the government’s pressure to cut auto fuel taxes. The Minister of Finance of Tamil Nadu, Palanivel Thiaga Rajan (Palanivel Thiaga Rajan) submitted his inaugural budget to Parliament on Friday after the April state elections. He stated that the reduction in gasoline taxes means With a reduction of 3 rupees per litre.
"I am pleased to inform the House of Representatives that the current government has decided to reduce the effective gasoline tax rate by 3 rupees per litre, thereby providing significant relief to the working class of the state. This measure will result in a loss of income, said the Minister of Finance According to the sources.
Before the parliamentary election on April 6, DMK promised to reduce gasoline and diesel prices by 5 and 4 rupees, respectively. Given that gasoline prices in the four metropolitan cities are above Rs 100 per litre, the
Tamil Nadu measure may pressure other states and the central government to reduce taxes on car fuel. According to official data, the price of gasoline in Mumbai on Friday was 107.8 rupees per litre.